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The government continues to balance the need for economic loosening against a desire for firm political control. It has rolled back limited reforms undertaken in the 1990s to increase enterprise efficiency and alleviate serious shortages of food, consumer goods, and services. The average Cuban's standard of living remains at a lower level than before the downturn of the 1990s, which was caused by the loss of Soviet aid and domestic inefficiencies. Since late 2000, Venezuela has been providing oil on preferential terms, and it currently supplies about 100,000 barrels per day of petroleum products. Cuba has been pa...  More..

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Economy of Cuba
SOURCE: CIA - The World Factbook
Currency Cuban Peso
GDP (PPP) $111.1 billion (2009 est.)
GDP (per capita) $9,700 (2009 est.)
Exports $3.253 billion (2009 est.)
Imports $10.86 billion (2009 est.)
Main Industries Sugar, Petroleum, Tobacco, Construction, Nickel, Steel, Cement, Agricultural Machinery, Pharmaceuticals
Exports - Commodities Sugar, Nickel, Tobacco, Fish, Medical Products, Citrus, Coffee
Imports - Commodities Petroleum, Food, Machinery and Equipment, Chemicals
Exports Partners Canada 27.8%, China 26.7%, Spain 6.2%, Netherlands 5.6% (2008)
Imports Partners Venezuela 29.8%, China 11.8%, Spain 10%, Canada 6.4%, US 6.3%, Brazil 4.6% (2008)

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